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FORM 13F March 31, 1999
Page 1 of 1 NAME OF REPORTING MANAGER: MR. JOSEPH H. REICH
ITEM ITEM 3: ITEM 4: ITEM 5: ITEM 6: ITEM 7: ITEM 8:
INVESTMENT DISCRETION VOTING AUTH(SHRS)
(b)
Shared Mngrs
FAIR SHRS OF (a) defined(c) See (a) (b) (c)
CUSIP MARKET PRINCPL SoleInstr Shr Instr SoleShrdnone
NAME OF ISSUER CLASS NUMBER VALUE AMOUNT V OtherV
CAL DIVE INTL COM 127914109 730,625 35,000 X 1 X
ESENJAY EXPL COM 296426109 887,500 710,000 X 1 X
EVERGREEN RES COM 299900308 340,000 17,000 X 1 X
IRI INTL CORP COM 45004F107 3,924,375 966,000 X 1 X
MALLON RES CORP COM 561240201 2,817,750 375,700 X 1 X
NATURAL WONDERS COM 639014109 5,273,074 1,205,274 X 1 X
PENNACO ENERGY COM 708046107 2,625,040 863,500 X 1 X
SOUTHERN MIN CORP COM 843367202 317,505 635,009 X 1 X
TESCO CORP COM 88157K101 15,693,004 3,695,950 X 1 X
VAALCO ENERGY COM 91851C201 210,000 750,000 X 1 X
WEATHERFORD ENT COM 947074100 6,090,391 233,125 X 1 X
ZYDECO ENERGY COM 989854104 46,286 164,600 X 1 X
- - - - -
COLUMN TOTALS 38,955,548
= = = = =
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